Is Royal Oak, MI a good place to invest in rental property?

Royal Oak, MI has a median modeled monthly cash flow of $-763 and a median cap rate of 3.8%, on a median sold price of $366,000. Prices changed +2.3% year over year.

What is the average cap rate in Royal Oak, MI?

The median cap rate across recently sold homes in Royal Oak, MI is 3.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Royal Oak, MI?

The median sold price in Royal Oak, MI is $366,000 (about $227 per square foot).

Investing in Royal Oak, MI Real Estate

A data-driven snapshot of the Royal Oak, MI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$366,000Median sold price

$227Median $/sqft

3.8%Median cap rate

$-763Modeled cash flow / mo

+2.3%Appreciation YoY

7.4Months of supply

762Active listings

1,236Sold (last 12 mo)

What the Royal Oak numbers say

In Royal Oak, MI, the median home sold for $366,000 (about $227 per square foot), and the typical deal models out to a 3.8% cap rate with a median $-763 of monthly cash flow. Sold prices moved +2.3% over the past year. Inventory sits at about 7.4 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Michigan markets to compare

See Royal Oak cash-flowing listings

CashFlowRE ranks every for-sale home in Royal Oak, MI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Royal Oak deals, or browse the national market data.